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Forum General Property Investments

Boom towns: predicting the unpredictable

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Sarah Megginson | 16 May 2019, 01:00 PM Agree 0
Many of us buy lottery tickets, and while we don’t know who will win, we do know that some person must – and that lucky person could be us. The concept of luck also occurs in the property market, with many believing that investors who make quick and huge fortunes from property are just plain lucky.
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  • Greg | 19 May 2019, 11:04 PM Agree 0
    Hi Sarah,
    The market can certainly be predicted on when its going to crash and why!!
    If you would like to understand when and why, I highly recommend that you study anything from Fred Harrison. Especially his book, 'Boom Bust, House Prices, Banking and the depression of 2010'. Fred Harrison predicted the GFC back in the 90s.
    Phil Anderson is another person guy who made an accurate forecast of the GFC. He also has book out that I highly recommend you read and study, 'The Secret Life of Banks and Real-Estate'.
    Just remember, there is always a reason for why things happen. The reason why people don't figure this out is another reason why!
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